EURUSD Market Outlook – 21 July 2018

EURUSD Market Outlook - 21 July 2018 We had detected Excessive momentum last Thursday. EURUSD just slipped below Line C from the Point D making 70 pips down. From there, we had a bullish AB=CD pattern. Note that line C and Line D of excessive momentum acted as an important support resistance here. EURUSD penetrated …

New Trading System Excessive Momentum Indicator released

New Trading System Excessive Momentum Indicator released Imagine that you are driving a car. When you drive your car higher speed, the car will not easily decelerate to halt. Instead, your car need to move so many miles before stopping even if you have applied the brakes. This car example is a good metaphor for …